"The 517-acre Hullavington Campus is an investment for our future, creating a global hub for our research and development endeavours."

"It will enable us to continue creating world-class products and jobs right here in the Cotswolds."

British Prime Minister Theresa May hailed the new campus as a "vote of confidence in our modern industrial strategy and our determination to cement the UK's position as a world leader in high-tech engineering," Sky News reports.

May said: "Dyson's exporting strength and commitment to creating jobs in Britain is a real success story that demonstrates the opportunity that our plan to create a truly global Britain can present."

Building work on the site, which is in Hullavington, Wiltshire, will begin in May. The vacuum manufacturer is also expanding its headquarters in nearby Malmesbury. It also has a software centre in Bristol.